The U.S. International Trade Commission (USITC) today determined that revoking the existing
countervailing duty order on stainless steel plate from South Africa and the existing antidumping
duty orders on stainless steel plate from Belgium, Korea, South Africa, and Taiwan would be
likely to lead to continuation or recurrence of material injury within a reasonably foreseeable
time.

The USITC also determined that revoking the existing antidumping duty order on stainless steel
plate from Italy would not be likely to lead to continuation or recurrence of material injury within
a reasonably foreseeable time.

As a result of the Commission's affirmative determinations, the existing orders on import of
these products from Belgium, Korea, South Africa, and Taiwan will remain in place. As a result
of the Commission's negative determination, the existing order on imports of these products
from Italy will be terminated.

Today's action comes under the five-year (sunset) review process required by the Uruguay Round
Agreements Act. See the attached page for background on this five-year (sunset) review.

The Commission's public report Stainless Steel Plate from Belgium, Italy, Korea, South Africa, and
Taiwan (Inv. Nos. 701-TA-379 and 731-TA-788 & 790-793 (Second Review), USITC Publication
4248, August 2011) will contain the views of the Commission and information developed during
the reviews. Copies may be requested after August 31, 2011, by emailing pubrequest@usitc.gov,
calling 202-205-2000, or writing to the Office of the Secretary, U.S. International Trade
Commission, 500 E Street SW, Washington, DC 20436. Requests may be made by fax at 202-205-
2104.

BACKGROUND

The Uruguay Round Agreements Act requires the Department of Commerce to revoke an
antidumping or countervailing duty order, or terminate a suspension agreement, after five years
unless the Department of Commerce and the USITC determine that revoking the order or
terminating the suspension agreement would be likely to lead to continuation or recurrence of
dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably
foreseeable time.

The Commission's institution notice in five-year reviews requests that interested parties file
responses with the Commission concerning the likely effects of revoking the order under review
as well as other information. Generally within 95 days from institution, the Commission will
determine whether the responses it has received reflect an adequate or inadequate level of interest
in a full review. If responses to the USITC's notice of institution are adequate, or if other
circumstances warrant a full review, the Commission conducts a full review, which includes a
public hearing and issuance of questionnaires.

The Commission generally does not hold a hearing or conduct further investigative activities in
expedited reviews. Commissioners base their injury determination in expedited reviews on the
facts available, including the Commission's prior injury and review determinations, responses
received to its notice of institution, data collected by staff in connection with the review, and
information provided by the Department of Commerce.

The five-year (sunset) review concerning Stainless Steel Plate from Belgium, Italy, Korea, South
Africa, and Taiwan was instituted on June 1, 2010.

On September 7, 2010, the Commission voted to conduct full reviews. With respect to Italy, all six
Commissioners found that the domestic group response and the respondent group response were
adequate and voted for a full review. With respect to Belgium, Korea, South Africa, and Taiwan,
all six Commissioners found that the domestic group response was adequate and the respondent
group responses were inadequate, but that circumstances warranted full reviews.

A record of the Commission's vote to conduct full reviews is available from the Office of the
Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436.
Requests may be made by telephone by calling 202-205-1802.